Eco Week Ahead
Powell Is Poised to Keep Fed on Higher-for-Longer Path
- Rate decision will be followed by likely robust jobs report
- Euro-zone inflation and GDP, China PMIs, OECD forecasts due
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Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing to wait before cutting interest rates.
The last time the US central bank chair spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously anticipated, pointing to the lack of further progress on bringing inflation down, and to enduring strength in the labor market.